COMPANY

Company

Corporate Governance

The business and affairs of Minera IRL are managed by its Officers and Senior Management Team under the direction of the Board of Directors (the “Board”).

The Company’s Board is comprised of experienced individuals with a broad range of qualifications and interests, thus ensuring a diversity of viewpoints and expertise.

The Board has established two formal committees to assist in the management of its responsibilities, the Audit Committee and the Compensation and Nominating Committee. All members of the Audit Committee and the Compensation Committee are outside, unrelated and independent directors. With respect to other matters that are the responsibility of the Board, the directors work as a whole to provide oversight, set policy, and make decisions.